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Blackboard. Blackboard. Moodle. Moodle. Problem 4. Suppose $1,000 is deposited into an account with an annual yield of 8% compounded quarterly. Find the amount in the account at the end of five years, ten years, twenty years, and thirty years?.

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Blackboard

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  1. Blackboard

  2. Blackboard

  3. Moodle

  4. Moodle

  5. Problem 4 Suppose $1,000 is deposited into an account with an annual yield of 8% compounded quarterly. Find the amount in the account at the end of five years, ten years, twenty years, and thirty years? We have P = $1000, while the interest per quarter is i = (0.08)(1/4) = 0.02. Thus F = $1000(1+0.02)n. Now we can obtain YearsPeriodsFuture Value 5 20 $1000(1 + 0.02)20 = $1,485.95 10 40 $1000(1 + 0.02)40 = $2.208.04 20 80 $1000(1 + 0.02)80 = $4,875.44 30 120 $1000(1 + 0.02)120 = $10,765.16

  6. MATH Celebrity website

  7. MATH Celebrity website

  8. Math is fun website

  9. Math is fun website

  10. Helpful websites • http://www.mathsisfun.com/data/standard-normal-distribution-table.html • https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/compound-interest-tutorial/v/introduction-to-compound-interest

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